A loan from IFC, a member of the World Bank Group, and the Dutch Entrepreneurial Development Bank FMO, announced a loan to support growth, exports, and jobs in South Africa's blueberry industry.
Software Group, a global software company with its regional head office in Nairobi, has won a new contract for its latest Agency Banking platform with BRAC Uganda Bank Ltd, a prominent financial institution in Uganda.
The Islamic Republic of Mauritania has signed the Agreement for the Establishment of the Fund for Export-Development in Africa (FEDA), a development impact-oriented subsidiary of the Afreximbank.
Continuing with its global growth strategy, Black & Veatch has named Youssef Merjaneh as Senior Vice President, Europe, Middle East and Africa (EMEA) as the region’s focus on the dynamic energy transition continues.
Tetra Tech, Inc., a provider of high-end consulting and engineering services, announced today that the United States Agency for International Development (USAID) awarded the Company a five-year, $25 million single-award contract to increase renewable energy consumption and reduce deforestation in Zambia.
Andersen Global continues to reinforce its competitive edge in the African region through a Collaboration Agreement with full-service tax firm Kashadah & Co. in Libya.
Beginning March 28, Air Senegal will commence flights from Dakar to Lyon operating three times weekly using an A321. Outbound flights to Lyon will be operated with a stopover in Marseille.
COMESA Secretariat and the Government of Malawi have signed a 3.54 million Euros agreement that sub-delegates the implementation of coordinated border management activities
With a rapidly growing, increasingly urbanized population – and associated needs for energy and infrastructure development – the African continent should be at the forefront of a U.S. investment agenda.
Wari, a global platform offering digital financial services, and Lycaremit, a world player in remittance and part of the multinational Lyca Group, have signed a strategic partnership that will strengthen and expand their global networks to provide access to money transfer services worldwide.
InfraCo Africa, Global Logistics Services to commence construction on Liberia Inland Storage Facility project
InfraCo Africa and Global Logistics Services have signed an Engineering, Procurement and Construction contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility project.
Andersen Global establishes a foothold in the Malawi market through a Collaboration Agreement with Knight & Knight, bolstering its platform on the African continent and adding additional coverage in the eastern region.
Global waste treatment company Séché Environnement has announced the signature of an agreement for the acquisition of Spill Tech 1, a company in environmental emergency and decontamination services in South Africa.
The latest data – and East Africa's continued focus on transforming its key industries, sectors and infrastructure through technology – is giving me hope that the economic outlook is brightening.
AfDB, European Investment Bank sign joint partnership action plan to fast-track development in Africa
The African Development Bank, AfDB, and the European Investment Bank (EIB) have signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa.
Bango, the data-driven commerce company, and Tpay Mobile, the full-service digital payments platform for the Middle East, Africa, and Turkey, have formed a strategic partnership to increase access to digital commerce.
Funds advised by Kasada Capital Management announced the first transaction made through the debut fund, Kasada Hospitality Fund LP, acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest.
Eutelsat Communications’ konnect has signed a framework agreement with its distribution partner InterSat to provide connectivity services to the Post Office in Côte d’Ivoire.
The Executive Board of the International Monetary Fund (IMF) completed the first review of The Gambia’s performance under a programme supported by a 39-month Extended Credit Facility (ECF) arrangement.
Women business leaders and entrepreneurs from the United States, Bahrain, Morocco, Israel, United Arab Emirates, Sudan, Uzbekistan, and Kosovo have convened for the virtual launch of the United Women’s Economic Development Network.
CDC Group, the UK’s development finance institution and impact investor, announced a $100 million debt commitment to the Eastern and Southern African Trade and Development Bank (TDB).
DHL Express, world’s express service provider together with Boeing announced that the global logistics company placed an order for an additional eight new Boeing 777 freighters.
Zambia has become the latest country to deposit its instruments of ratification for the Tripartite Free Trade Area (TFTA) Agreement with the COMESA Secretariat.
The U.S. Ambassador to the Kingdom of Morocco David T. Fischer and Morocco’s Minister of Culture Othmane El Ferdaous signed a bilateral Memorandum of Understanding that protects Moroccan cultural property.
Approved by the Federal Council, the agreement signed at this occasion opens up new opportunities for cooperation between Switzerland and the Republic of The Gambia in the field of migration.
For the second year, Eni and its Partners in Block 15/06, namely Sonangol P&P and SSI Fifteen Ltd., have renewed support to the NGOs VIS and ADPP, enhancing the commitment to promote sustainable development in the country.
Emirates Airline will add two more flights into Durban from February 1 which means that the airline will now fly a daily scheduled air service between Durban and Dubai.
The U.S.Trade and Development Agency (USTDA) signed a Memorandum of Understanding with The Eastern and Southern African Trade and Development Bank (TDB) to bring high-quality infrastructure solutions to sub-Saharan Africa.
Further developing its African platform, Andersen Global expands its presence through a Collaboration Agreement with law firm Pinto Pereira & Associados, the CRA Law representative in Guinea-Bissau.
In a strategic move that reinforces its commitment to the country, DHL Global Forwarding is investing ZAR 126.5 million, approximately $8.2 million, into a new facility in Johannesburg.
Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is has appointed Tennyson Securities to act as the Company's Joint Broker alongside SP Angel Corporate Finance.
Wetherby Real Estate, which has been created to source and acquire luxury Serviced Accommodation in Prime Central London on behalf of global investors, has announced its launch.
Boehringer Ingelheim, Teleperformance, Comdata Group, Dell and Lundbeck are among the top best places to work for in Africa according to the prestigious “Best Places To Work” certification program.
Orange has announced that its venture capital arm, Orange Ventures has become a separate legal entity with an increased allocation of 350 million euros.
[Column] Ishmael Sunga: Strengthening intra-African trade can build resilience to shocks like Covid-19
Before the Covid-19 pandemic took hold in Africa, its impact on trade was already being felt.In an ordinary year, Africa imports more than US$70 billion in food and agricultural products.
Globeleq, an independent power generation company in Africa, has confirmed it will take a 74% majority equity stake in an existing Nigerian power business called CPGNL Limited.
Reconnaissance Energy Africa Ltd. has commenced drilling operations on the first well (6-2), of an initial three well program, in the deep Kavango Basin in the Kalahari Desert of North East Namibia.
African investment company Arise has acquired a 34.9% shareholding previously owned by Rabobank in NMB Bank Plc listed on Dar es salaam Stock Exchange (DSE) in Tanzania.
Asset management and investment banking platform Shuaa Capital has announced that its managed funds platform has invested in Anghami, a music streaming service in the Middle East and North Africa.
USAID designates Morocco as regional hub for new program in trade and investment under Prosper Africa
The U.S. Agency for International Development (USAID) will designate the Kingdom of Morocco as a regional hub for the new, continent-wide Trade and Investment Program funded by USAID under Prosper Africa.
Further enhancing its African presence, Andersen Global has entered the Republic of Congo by way of a Collaboration Agreement with tax and legal firm Africa Tax & Legal Services.
Amazon e-commerce management company Albert Scott is partnering with the United States Agency for International Development (USAID), through its Southern Africa Trade and Investment Hub, to help manufacturers in Southern Africa promote their products on Amazon.com.
Telecom Egypt has signed an agreement with Google to provide Google with the first of its kind layer three meshed solution on multiple Telecom Egypt’s redundant and resilient Egypt crossing network infrastructure.
NetDragon Websoft Holdings Limited, a company involved in building internet communities, has announced that its subsidiary Edmodo has been selected by the Ministry of Education in Ghana as the exclusive online learning platform.
American and Ghana tech startup Ajuma Technologies, Ltd. has announced their plans to launch in early 2021.
Dangote Cement Plc is to train and support members of cooperative societies in Kogi in its efforts to create alternative platforms for empowerment and job creation as part of its corporate social responsibility in the state.
Africa Finance Corporation secures $250 million capital loan from US government for infrastructure funding
Africa Finance Corporation, AFC, the infrastructure solutions provider in Africa, today announces it has successfully secured a $250 million tier-2 capital loan from U.S. International Development Finance Corporation.
SSAB Borlänge and SSAB Arendal are to supply steel to build a number of photovoltaic solar parks in Angola.
Mastercard signs partnership with Carticard to spur digital economy and drive financial inclusion in Egypt
Mastercard has announced a partnership with Carticard, egabi FSI’s strategic partner, to offer Carticard customers improved digital payment solutions while incorporating more people into the digital economy.
U.S. International Development Finance Corporation (DFC) Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler has announced a series of efforts to expand U.S. investment in Morocco and strengthen its role as an economic hub for the continent.
Ethiopian Airlines-DHL and African Electronic Trade Group have partnered to transport historical parcels in the African Continental Free Trade Area.
Afreximbank and Credit Suisse complete a $1 billion 3-year syndicated term loan for Nigeria’s Bank of Industry
African Export-Import Bank (Afreximbank) has announced the closing of a $1 billion facility for the Bank of Industry, Nigeria's state-owned development bank.
Seplat Petroleum Development Company has announced a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited.
The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km south of the main Arcadia field already in production.
The U.S. International Development Finance Corporation (DFC) Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler announced a series of efforts to expand U.S. investment in Morocco.
ZTE has helped Mauritania complete the deployment of the country’s first national backbone network.
The European Union has announced today €82.5 million for six new projects under the Pan-African Programme to strengthen its cooperation with Africa in multiple sectors, including sustainable resource management, regional integration and trade, air transport and digitization.
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced the appointment of SP Angel Corporate Finance LLP as its nominated adviser with immediate effect.
Uganda Airlines, the country’s flag-carrier, has taken delivery of its first A330neo, the latest version of the most popular wide body airliner.
The Global Oilfield Communications Market Size Grew from $3.4 Billion in 2020 to $4.5 Billion by 2025, at a Compound Annual Growth Rate of 5.5% during the forecast period according to the latest report by Research and Markets.
The Africa Finance Corporation has announced that Congo Brazzaville has become its 28th Member State, following the execution of the country’s Instrument of Adherence.
Samsung Electronics has announced a new plan to collaborate with IBM to develop edge computing, 5G, and hybrid cloud solutions to help businesses across all industries modernize their operations and realize the promise of Industry 4.0.
Global pharmaceutical and laboratory equipment supplier Sartorius is supporting an aid project to improve pharmaceutical training in Tanzania. The company’s donation of 85,000 euros will go to action medeor, the European medical aid organization.
FTI Consulting, Inc. has announced the appointment of Ben Hughes as a Managing Director and Callum Greig as a Senior Director in the Restructuring practice in London within the firm’s Corporate Finance & Restructuring segment.
Co-operative Bank of Kenya has partnered with Thunes, a cross-border payment provider, to launch an alternative global money transfer solution: Co-opRemit©.
Parallel Wireless, Inc. has been selected by Hotspot Network Limited to deliver 2G, 3G and 4G coverage across planned 2,000 villages in Nigeria.
Global logistics and supply chain company CEVA Logistics continues to expand its presence in the African market with the strengthening of its presence in two countries through two joint ventures.
Global credit rating agency AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Continental Reinsurance Plc Nigeria.
Global tech company Babylon will support the Government of Rwanda in their latest project to digitize their healthcare system by introducing digital tools, such as digitally enabled triage, to over-stretched government healthcare centers.
The African Export-Import Bank (Afreximbank) announced it has increased the number of its Trade Finance Intermediaries (TFIs) to more than 65 in 30 African countries in 2020.
PropertyGuys.com, one of Canada's celebrated PropTech pioneers announces its recent international expansion.
Moyale One Stop Border Point launched by President Uhuru Kenyatta and Ethiopian Prime Minister Dr. Abiy Ahmed
The Moyale One Stop Border Point (OSBP) has been launched in a colourful event officiated by H.E. Uhuru Kenyatta CGH President of the Republic of Kenya and H.E. Dr Abiy Ahmed, Prime Minister, the Federal Republic of Ethiopia at the Moyale border point which adjoins the two neighbouring nations.
Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced that its wholly owned subsidiary, Mayfair Assets and Trusts Limited has received a letter from Optimum Petroleum Development Company communicating its enforcement of the default clause.
The National Hydrocarbons Company Sonatrach and the Italian energy group Eni have signed an agreement strengthening the partnership in the Berkine basin in Algeria.
A record 54 per cent of the continent is accessible for African visitors who no longer need a visa to travel or can get one on arrival; in 2020, The Gambia joins Seychelles and Benin in allowing visa-free access for all African travelers.
National Oil Corporation Libya ( NOC ) and KPMG International have signed a partnership for a project to develop an integrated system for financial and administrative systems, human resources, manufacturing, and production.
AU, partners launch new tool for African businesses to find continent-wide trade opportunities as AfCFTA begins in 2021
A new trade intelligence tool that enables firms to easily explore and compare trade opportunities across Africa has been released ahead of the start of trading under the new African Continental Free Trade Area.
Ghana, Senegal and Uganda met virtually with international financial partners and risk analysts to discuss the most urgent risks and mitigation solutions at ATI’s annual Roundtable.
Africa calls for international taxation systems reforms as it forges a common position on digital taxation
In Africa, the renewed focus to raise additional financing for development and narrow the resource gap by accelerating Domestic Resource Mobilisation (DRM), has been at the center of the development strategy in recent years.
The first farmer-owned cocoa fermentation centre in Ghana under the Fine/Flavour cocoa production initiative of the Ghana Cocoa Board (COCOBOD) has been opened at Offinso in the Ashanti Region.
Bolloré Transport & Logistics has been awarded a contract to provide medical warehousing solutions to UNHCR, the UN Refugee Agency in Sudan.
HP Inc. has announced the appointment of Bradley Pulford as VP & Managing Director for HP Africa.
The International Renewable Energy Agency (IRENA) and the African Development Bank have agreed to jointly support investment in low carbon energy projects, a move expected to advance Africa's energy transition.
Africa Oil Corp and its joint venture partners have received extensions to their 10BB/13T blocks exploration licences in Kenya to the end of 2021.
TransGlobe Energy Corporation has announced it has reached an agreement with the Egyptian General Petroleum Corporation, EGPC, to merge the Company’s three existing Eastern Desert concessions.
DHL Global Forwarding has appointed DHL veteran, Clement Blanc as Managing Director for its business in South Africa, one of the key markets for the logistics giant in the fast-growing region.
Pierre Branco, recently named to the dual roles of Head of WarnerMedia EMEA Affiliate & Ad Sales and Country Manager for WarnerMedia Nordic, CEE, Middle East, Turkey & Africa, has announced his leadership team.
The Fletcher School at Tufts University, The Graduate School of Global Affairs at Tufts University, in partnership with Mastercard, have unveiled the Digital Intelligence Index, which charts the progress countries have made in advancing their digital economies, fostering trust and integrating connectivity into the lives of billions.
Metalex Ventures Ltd. has reached an agreement to acquire an interest in the 3,373 hectare Viljoenshof prospecting license from Invest in Property 126 (Pty) Ltd "IIP"
WorldRemit, adigital cross-border payments business has announced that its customers in Nigeria can now receive remittances in foreign currency (USD) through its cash pick up providers.
Dangote Oil Refinery has been listed among the top 20 influential projects surveyed in the last 18 months by the renowned Project Management Institute (PMI) global, for the potential to fuel Nigeria’s economic transformation.
COMESA Council of Ministers has granted Kenya a two year extension of the sugar safeguard beginning March 2021 to February 2023.
Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced that it has appointed finnCap Ltd and Panmure Gordon (UK) Ltd to act as its joint corporate brokers.
Afreximbank signs deal with African Energy Investment Corporation to support hydrocarbon and energy sectors
A framework agreement has been signed between the African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, and the African Energy Investment Corporation (AEICorp), an affiliated entity of the African Petroleum Producers’ Organization (APPO) that was established to support the development of Africa’s hydrocarbon and energy sectors.
SouthBridge Group, the official financial advisor of the Togolese government, has announced two transactions with Olam International Limited and its subsidiary Arise Special Economic Zone.
Africa's overall mobile phone market shipments declined 6.0% year on year (YoY) in Q3 2020, according to the latest insights from global technology research and consulting firm International Data Corporation (IDC).
[Column] Louis van Ravesteyn: How Africa's free-trade area could catalyze the agricultural sector's development
The African Continental Free-Trade Area (AfCFTA) could accelerate the development of sub-Saharan Africa's agricultural sector and help the continent to become self-sufficient in food production.
American Homebuilders of West Africa, AHWA, has announced that it had closed on an acquisition of new land in Maneah in the Conakry suburbs.
South African Post Office, the national postal service of South Africa will use Lleida.net technology to send more than 10 million registered electronic communications per year to the citizens of Johannesburg.
Wolters Kluwer has announced that the Evercare Group, an impact-driven healthcare network in emerging markets, has chosen UpToDate® Advanced to enhance patient care and quality throughout its group.